Alamos Gold (AGI) to Release Earnings on Wednesday

Alamos Gold (TSE:AGI) (NYSE:AGI) is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.30 per share for the quarter.

Alamos Gold Stock Down 0.5 %

Shares of Alamos Gold stock opened at C$27.96 on Tuesday. Alamos Gold has a twelve month low of C$15.27 and a twelve month high of C$29.66. The stock has a market cap of C$11.74 billion, a price-to-earnings ratio of 41.12, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The company has a current ratio of 3.04, a quick ratio of 1.06 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of C$27.09 and a 200 day moving average price of C$23.99.

Alamos Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.035 dividend. This is an increase from Alamos Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.14 annualized dividend and a dividend yield of 0.50%. Alamos Gold’s dividend payout ratio is presently 20.59%.

Insider Activity

In other news, Senior Officer Adrian Paulse sold 15,571 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of C$24.80, for a total value of C$386,193.50. In other news, Senior Officer Adrian Paulse sold 15,571 shares of Alamos Gold stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$24.80, for a total value of C$386,193.50. Also, Senior Officer Nils Frederik Jonas Engelstad sold 16,500 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$26.68, for a total transaction of C$440,220.00. In the last 90 days, insiders have sold 69,166 shares of company stock worth $1,819,560. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. National Bank Financial downgraded Alamos Gold from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 8th. CIBC lifted their price objective on shares of Alamos Gold from C$25.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. BMO Capital Markets upped their target price on shares of Alamos Gold from C$27.00 to C$31.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. TD Securities lifted their price target on shares of Alamos Gold from C$27.00 to C$31.00 in a research note on Monday, July 22nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Alamos Gold from C$25.00 to C$29.00 in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Alamos Gold has an average rating of “Moderate Buy” and a consensus price target of C$25.80.

Alamos Gold Company Profile

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.